Washington and Brussels have suspended for four months the customs duties they inflicted on themselves in a dispute between Boeing and Airbus.
Among the main beneficiaries of this decision: French wine producers, who were heavily penalized for their exports across the Atlantic.
The news sparked a wave of relief for French wine producers exporting across the Atlantic.
On Friday, the European Union and the United States agreed by mutual agreement to suspend for four months the customs taxes which weighed in particular on European wines.
A decision that puts on hold a 16-year-old conflict between the European aircraft manufacturer Airbus and its American rival Boeing, and by extension Brussels and Washington.
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It all started a year and a half ago, when the United States was allowed to tax European products in this old trade dispute over state aid paid to Airbus, which was deemed illegal.
Donald Trump then decided to tax European planes, but also French wines up to 25%.
A few months ago, the European Union in turn was authorized to tax American products for aid paid to Boeing.
"We had taken a stray bullet"
Joe Biden's new administration has therefore just accepted a truce.
A relief for Bernard Farges, president of the Interprofessional Council for Bordeaux Wines.
"This is excellent news for the people of Bordeaux and all French wines", he reacts to the microphone of Europe 1. "This American tax for 18 months was really a very heavy handicap, several hundred million euros loss of turnover ", he adds, describing a wine industry" which was undergoing a conflict which was absolutely not his ".
"We had taken a stray bullet. The subject stops and that's an excellent thing," said Bernard Farges.
The subject is not, however, completely closed.
The two sides must now manage to bury the hatchet within four months.